Small Business Accounting
As a business owner, your time is important to you. Doing your accounting and bookkeeping should not take up a lot of your time. I offer a professional service that will do your accounting on a monthly or quarterly basis so you can run your business and concentrate on making a profit.
The basis of monthly accounting has four basic components:
Reconciling your business checking account each month allows you to keep your accounts and taxes up to date. It also allows you to identify costs, manage your cash more efficiently and detect irregularities in your bank account.
An Income Statement tracks revenues and expenses so you can determine the operating performance of your business. It helps you compare your actual activity to your budget and determine your income tax liability.
A Balance Sheet shows your financial condition at a point in time. Balance sheets and Income Statements are the basic elements in providing reporting to lenders, banks, investors and vendors. Maintaining your General Ledger is important as it is the life blood of your financial records. Having me review your General Ledger on a regular basis gives one the ability to hunt down discrepancies and keep your records in good shape.
Let me help you with your Small Business Accounting needs
The basis of monthly accounting has four basic components:
- Prepare an Income Statement
- Generate a Balance Sheet
- Review and create monthly transactions
- Prepare a Bank Reconciliation
Reconciling your business checking account each month allows you to keep your accounts and taxes up to date. It also allows you to identify costs, manage your cash more efficiently and detect irregularities in your bank account.
An Income Statement tracks revenues and expenses so you can determine the operating performance of your business. It helps you compare your actual activity to your budget and determine your income tax liability.
A Balance Sheet shows your financial condition at a point in time. Balance sheets and Income Statements are the basic elements in providing reporting to lenders, banks, investors and vendors. Maintaining your General Ledger is important as it is the life blood of your financial records. Having me review your General Ledger on a regular basis gives one the ability to hunt down discrepancies and keep your records in good shape.
Let me help you with your Small Business Accounting needs
IRS Withholding Estimator
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